520 Castle DrMyrtle BeachSC29579
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Myrtle Beach at 520 Castle Dr, Myrtle Beach, SC, 29579 priced at $390,300 converts $2,930/mo rent into $607/mo cash flow after a $1,910/mo obligation. Total monthly income equals $2,930/mo, and annual cash flow totals $7,283/yr on $129,384 invested. Return on cash invested prints 25.54% in year one, and rental yield reads 9.01% against a $390,300 entry. Equity gained on principal adds $2,519/yr, while 5% annual appreciation compiles into $107,833 by year five. Five-year ROI reaches 132.72% and total cumulative return in cash sums $171,714. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,930/mo property income covering a $1,910/mo payment, not borrower’s personal income.
Single Family
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29579, Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,319 (100%) |
| Owner Occupied HU | 17,677 (60.3%) |
| Renter Occupied HU | 7,507 (25.6%) |
| Vacant Housing Units | 4,135 (14.1%) |
| Median Home Value | $370,725 |
| Average Home Value | $418,546 |
Housing Distribution
Address Breakdown
Residential
29,078
Single Family
23,909
Multi-Family
5,169
Businesses
1,094
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